Conversation Group

Analysis

Conversation Group is a registered charity in United States, based in N Richlnd HLS, TX. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Conversation Group reported income of $305k and spending of $281k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $247k to $305k (+23%), an average of +11% a year. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Conversation Group sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include American General Training Inc ($305k), Your Store of the Queen City ($305k) and Olympia Rotary Foundation ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Other salaries and wages came to $155k. At year end it held assets of $149k against liabilities of $3,757, net assets of $145k. It reported 2 employees.